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over big bucks. the government says they are tax evading lawbreakers. let's bring in a senior fellow at the cato institute. thank you for coming on the show tonight. 225,000. since when is it illegal to rent out your apartment on your own? >> this is an example of overzealous overreaching by the government. in the name of going after some slumlords or other people who are more notorious, they're going after people who are just trying to -- gerri: but they are not going after slumlords, are they? they just want some tax revenue. same as those hotel tax revenues. they say they want to get that. isn't that the real motivation? >> if that is what they wanted they could pass a loss objecting these people to taxes. think it is more nefarious than that. the unions and hotel lobbies want to shut down its competitors. gerri: i just understand why you can't do with your own property but you want to. why the government should be involved in all. they're trying to subpoena information to get your information and my affirmation in everyone's information who uses the service. >> absolutely. it is
season in five years. >> we have a lousy economy. we have a president that wants to raise taxes. obama care, the one thing good for the economy, it's hard to implement. >> what does that have to do with anything? >> we do know for a fact -- >> people can't even sign up for it. >> we do know for a fact that millions of people will lose their individual coverage, and they will have to go out and likely have to buy an insurance policy with a higher premium. and we also do know not just from the retail federation but from morgan stanley, this will be the slowest holiday -- let me finish. you're asking me to do the math, and i'm doing the math for you. >> to contribute it to health care is wrong. >> i know already, not factoring that in, charlie, it's the slowest holiday season in five years. >> but what does that have to do with health care? >>> ben stein hit the nail on the head. there's a malaise. that's the bottom line. there's a malaise, and we know it. this is 1979, 1980 all over again. so it does not help. that's why i said there are a lot of nails in this coffin. that's why i said i
it is not a fine, it is a tax. you know the government did not argue that it was a tax and even though the people challenging did not argue it is a tax, the supreme court called it a tax, and because it is a tax, you have to pay it first and then seek your refund. this is insane. and so people will have additional tax bill. they must pay the tax bill and petition the irs. begging the irs to have that money paid back to them because there was no insurance policy made available at the time the tax was due. >> that is because of judge roberts' ruling. >> it is because of the supreme court ruling. tax is different than a penalty. if we speed and have a point assessed. if you are i owe a tax and think it is too much. we pay the tax first and get the money back, later. that's what will happen to individuals who will not obtain insurance coverage because obama care doesn't work and the computer system couldn't get them to the insurance carrier and the dead line passed. >> so it is line garnishing the wages. >> it is the moral equivalent, yes. if you owe the tax and don't pay it, your employer will colle
times are among the highest in the country and let's not forget that taxes and spending in recent years to support the plan are under governor duval patrick have gone up substantially. we'll look at more of the claims by president obama in just a moment, but first, president obama now not the only one stonewalling for his health care plan. secretary secretary kathleen sebelius trying to get some answers about the disastrous obama care rollout. nbc news steve handelsman joins us. >> part of the parade of horribles as president obama calls it is millions of americans losing their health care and that's happening here on capitol hill, obama hhs secretary kathleen sebelius says blame insurance companies for millionses of americans getting lers and emails that they're getting dropped. republicans said president obama, with the help of kathleen sebelius, won reelection promising that if you like your health care coverage, if you like your insurance, if you like your doctor you can keep them. that, said a republican, amounts to political deception. >> millions of individuals who by listening t
in the private marketplace are, one, requesting to be comprehensive. two, you are going to have tax incentives, tax rebates for millions, as many as 6 or 7 million americans to get into this program. so they can get health coverage. >> who pays for that, julianne? who picks up the tab on rebates? >> that was part of the aca, that was part of the law. that was part of -- it comes through a tax rebate. >> let's talk about where the money comes from. originally when president obama pushed this, and turned a bill into a law, the cbo said it was going to be about $900 billion. now, they have upped that. the cbo has under that number to $1.8 trillion. we are not even talking about these additional insion incentives and rebates which is only going to add though that number. >> one how is it paid for tax increases like the medical equipment tax and increase on capital gains. there is no question there are some taxes that are paying for this secondly, the cbo also made it clear that the healthcare law was going to be a net reducer in terms of our federal deficit. >> julian, i have toil, president obama
the treasury department showed a combination of more revenue like taxes and less spending. that led to a gap of $680 billion. guess what. it takes revenues and spending cuts to cut the deficit. they ought to work together on that. $2.08 billion is how much americans are spending on candy for halloween this year. never mind the declarations for the national retail federation. they expect an additional $2.6 billion on costumes and more people in my neighborhood i swear do halloween decorations than for the holidays. 75 days is how many we have before the primary for the special election for the late bill young and florida primary will be key to see the better position for the march 11 general election. the special election of one of the most competitive seats left in the house of representatives. 16 is how many democratic women senators all in fact signed in a private letter to hillary clinton urging her to run for president in 2016. they spilled the beans about it and a list in new york on monday, sources say barbara boxer led the effort that included other names mentioned as candidates inclu
cadillac plans? >> something is happening to them now. there's going to be an exercise tax that kicks in 40% now, on any benefits, premiums paid over $10,200 for individuals, $27,500 for families. so that exize tax kicks in four years from now. employers are shifting costs to the covered people to employees like ourselves and making them pay more in anticipation of that exized tax kicking in. >> if the net cost, in other words, to the company is greater than that 10,200 or whatever it is -- >> pays 40% on top of that. >> the employer pays that. they would figure in the costs they pay to the insurer to cover me. >> that's right. >> and figure in or reduce that amount by the amount that i pay per month. >> one way to address it. >> that i pay in typical deductions. >> overall trend in the industry to shift costs to the employee. >> we know that. >> and this is exacerbating that. >> this is happening for years in the private sector. >> you know, in fairness to the administration, an effort to contain costs to make people aware of what they're paying for. >> one of these things, goes back to th
subsidizes health care for people under 65 is through a tax provision, where if your employer pays your cash, you pay taxes on it and if he pays in health insurance, you don't pay tax. this reduces revenue by $300 billion a year. if it were a government program, it would be one of the largest within the federal government. the way the subsidy is structured, the higher the tax rate, the more it is worth. ted cruz, his wife is a highly paid investment banker, they get their insurance through a cadillac plan at goldman sachs and it cost $40,000 a year in 2009. to get a sense, family health insurance would cost 15,000 or 16,000, well more than twice as expensive as normal. the tax benefit is worth about $15,000. now the cost to insure a family of four on medicaid at that time was about $11,000. so that it's not that their health plan cost more than medicaid but the part subsidized by taxpayers cost more than the entirety of medicare coverage. what the affordable care act does is shift around the subsidies, it takes the money and puts it to people who need it either because they have low incomes
court upheld the mandate as a tax but president obama went in front of the entire nation to say the mandate was not a tax increase so we have unilateral reinterpreting of the lock over the last three and a half years. gerri: one more caller from new york about the single payer system. caller: to do you think the obamacare concept and kellogg was designed to create a single payer system to a implode? gerr ttsreat estn. >> ion'thin he ishat vio. aughr] iann beeve the american people after having watched this trade racal vote to give more control to the federal government. gerri: but it is interesting >> i think they have the assumption most of the house plan would move into the exchange but now basie health insurance will try to stay out to offer plans outside pool is the opposite of what they anticipated. this has been so miserable. gerri: is it possible that insurers' move out of the system? >> i agree. they're all sorts of problems you could end up with only sick people the sequester could cut insurers' to the tune of billions of dollars are they could pay for the sequester cut
and generate a tax base so that you can take care of the less fortunate but the real key and it's not popular thing to say but you have to have the wherewithal. these people who are willing to think outside of the box and try new things and start new businesses and take risks if you're going to have a future otherwise you do the same thing. if you do the same thing, we know where that ends. not prettily. >> you also have talked about how it's very important for a city like new york to have a bunch of very rich people so you can tax them. >> sure. >> you're unapologetic about that. >> the fact of the matter is a small percentage of the people pay the taxes. if you don't want tax revenue, you can lose those people but if you want to have ability to go and invest in infrastructure and invest in cultural institutions and have social programs that can really help people who are less fortunate, you have to have the dynamic drive, the people that are creative and the revenue. that comes from people who do well and in our city the poor actually are a little bit better than the poor in other big citie
affordable health care as everybody else. a hot of people will qualify for new tax credits under this law, that will bring down costs even further. so that if you lose your job, or you start a new business, or you're self-employed or you're a young person trying several jobs until you find that one that sticks. you're going to be able to be insured. insurance that goes with you. and gives you freedom to pursue whatever you want. without fear that accident or illness will derail your dreams. this marketplace is open now. insurance companies are competing for that business. the deal is good, the prices are low. but let's face it, we've had a problem. a website hasn't worked the way it's supposeded to. over these last couple of weeks. and as a consequence, a lot of people haven't had a chance to see just how good the prices for quality health insurance through these marketplaces really are. now ultimately, this website, healthcare.gov, will be the easiest way to shop for and buy these new plans, because you can see all these plans right next to each other and compare prices and see what kind
ask you this, i see republican after republican talking about cutting taxes, talking about growing the economy, but not reaching two of the folks, the middle class, the working man and woman, it's like the republican party has forgotten the middle class exists. >> well, certainly agree with you, lou, in terms of making that contact with working families. and the biggest challenge families face in virginia is economic opportunity. it's jobs. there are enormous s.w.a.t.s wa because peopleave been unemployed so long. there's a big difference between me and terry mcauliffe. i can explain my plan to grow jobs and cut taxes, and he's proposing more government spending. $1,700 more in taxes per family versus my $700 tax cut. but a lot of them zero in now this month on obama care. and there's a stark difference between me and terry mcauliffe there also. and once again, his approach is bigger government, and mine is smaller government. i was the first to fight obama care, and he wants to expand it. >> you were the first one to fight it. you were the first one to sue on obama care. >> right.
't. the kinds of plants varied from a but as a practical matter anyway that you can put away free tax money, save it to you are going to need it later. the way things are going you want to do as much as you can now no matter what age. gerri: i agree with that entirely. what additional vehicles should people be looking for. max out your four -- 401(k). >> if you have children, grandchildren, the 529 plan. that has not been tampered with by our politicians. that too has been enlarged from its original levels just like 401(k). so there are vehicles like that. 529 is a good one if you want to help accomplish the savings. gerri: absolutely a great idea for people out there who are looking for additional ways to save. so many folks out there are over invested in bonds because they got burned last time around in the stock market. what are you telling your clients right now? >> well, the stock market has been in an uptrend, and it is still intact. as long as we have low inflation which we do, very low interest rates, that is where they are, and we will have them for a while longer assets have an up
early next year? they're going to cave on the budget? what are they going to do about taxes? well, they are here next. ♪ inside out, and round and round♪ ♪ upside down you turn me, you're giving love instinct tiffly. round and round you'll turn me♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead.
capability back in the early '80s, and it proved a remarkable decision on his part. >> and to cut taxes. >> and cut taxes at the same time. so i'm not opposed under certain circumstances to running deficits. the debt is another problem and we've gotten to the point now where especially because of entitlement programs but because there really hasn't been much done in the way of trying to restrain spending, we now have trillion dollar deficits every year and a $17 trillion debt we are passing on to our kids and grandkids. that concerns me. >> a lot of economists look at the debt and say a lot of the reason for the debt, in addition to the entitlement programs you're talking about, are things that you and president bush did in terms of funding or not funding the iraq and afghanistan wars, in terms of the medicare prescription drug benefit and in terms of the tax cuts. are you and president bush not also responsible for the deficit? >> well, in terms of prescription drug benefits for seniors, that's something the president campaigned on before i ever got involved. i think it was a good prog
a year. didn't happen. it's not going to happen. he promised us no tax increases. huge tax increases. in fact, the biggest middle class tax increase we've ever seen. he told us that if we liked our health insurance plan we could keep it. tell that to 16 million americans today. or that the cost was actually going to go down. that didn't happen to jason anderson in my district who's 31 years old whose wife and 2-year-old baby saw their premium double and triple. >> what about all the people who can now buy health insurance because they had a pre-existing condition? earlier they couldn't buy health insurance. all of a sudden now they can go out and buy health insurance. you would welcome that. >> that was a heartbreaker for every american to hear those stories. that's something where republicans and democrats could have come together. the "washington post" said this is a $5 billion problem. you know me, wolf. i'm a strong fiscal conservative. i would have gone to the treasury and wrote out the check for 5 billion every year to pay for the pre-existing poll. that's something we could ta
. to have to kafr for people on medicaid, they have to raise taxes, raise income tax or cut spending for roads, schools and things like that. there are a lot of people who still need insurance so let's expand it to help people get on. but real costs come with it. it's taxpayers. 26 states signed up for this. federal money is paying for them. you're still paying. >> if you think you're, you're not. you're a federal taxpayers. if they have a swelling of the medicaid rolls and don't pay from the exchanges guess who pays. here's a hint. ready? we have been digging into the rule causing millions of americans to lose health insurance. democratic senator mary landrieu is leading an effort to make sure the president's promise will be kept that people can keep their health care insurance if they like it. wait until we show you what she said about this specific issue just a couple of years ago. plus, he was a successful businessman with hundreds of employees but now not a one. he'll join us live with his warning for working americans in the wake of obama care. >>> breaking details tonight on a
, coming up. >>> imagine paying your taxes by the mile. the government charging you based on how far you drive. the new proposal. we'll tell you about it. who? not so much. my customers can shop around. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. #%tiaintroducing cardioviva: the first probiotic to help maintain healthy cholesterol levels without a prescription. cardioviva. >>> time now for a political gut check of the morning. the white house is reviewing all u.s. surveillance programs after reports national security agency was spying on some 35 world leaders and the top senator on the senate intelligence committee says he is totally opposed to that surveillance and that data collection will not continue. cnn's chief national correspondent john king is here to talk more about all of this. it's pretty interesting where things have gotten with this spying controversy, john. the white house is
's the 1st of november, but a huge tax hit is being taken out of that in the state of california. some people say, oh, poor kobe, but maybe that would make him want to play for the rockets -- [laughter] >> more and more i think athletes are considering this, you know? the money they're making now you say, okay, maybe it's not as bad. we know up until recently athletes, you know, have gone broke or really said, golly, have to find a new job or career, but almost 40% federal, 3.78% for medicare and 13.3% california. so 56.7% of his income going to taxes, and it's an environment of paying your fair share, you know? i don't know how much of the public services out in california he's using. i just don't think it's that much. i don't think it's $14 million worth. connell: not exactly a sympathetic figure, but we get your point. >> that's the whole thing. no one's sympathetic except when it starts to trickle down. ofof course, in france they're starting to talk about not even having a soccer season this year. connell: 75%, incomes over a million euro? >> yeah. 75%. and so now the owners -- da
penalties from a tax refund, but if you aren't owed anything, the irs' options are very limited. why? congress banned the irs from using its usual techniques to force people to pay the penalty when it passed the affordable care act in 2010. >>> we have a chilling story out of colorado. police this morning searching for a predator who snatched a little girl from her bedroom in the middle of the night. authorities say the man pulled her through the unlocked window but the 8-year-old fought back courageously breaking free. her father heard her screams and ran outside to help her. he tells police he saw the suspect speeding away in the alley behind the house. >> we are treating this matter extremely seriously. we think there's a predator out there and he has to be stopped and he has to be caught. >> all the apartments on this block, it had to be somebody they knew, to know which room she was in and all that kind of stuff. >> investigators say they do not believe this family was specifically targeted. they did release a stretch of the suspect and they're treating the case as an attempted
and taxes, stopped practicing a job. now a congressman. doctor, you wrote an op-ed were you said america was supposed to be different from europe. what is your point? >> honestly, the whole premise of the founding of our society was that it was a free society based upon limited government with government with the consent of the government. we broke away from a country where the divine right of kings was the popular philosophy. you owed to the king the tide and tax because after all, he was anointed by god. john: a majority at the time voted for it. >> it passed and as the president is apt to tell you very quickly, it passed through the supreme court with some changes. you know, is still be, a part of the united states congress to change something that is bad. chase something that people don't want. and really, the next up in this trauma, if you will, is up to the american people. i have done what i can't the last three years to either try to deflect or improve are not damaged people so badly with this thing. honestly, do you remember back in 1988 when the catastrophic health care plan wa
can keep your plan. this is not a minor pledge. it's like the first president bush saying no new taxes in 1990 and 1988. he broke that pledge and he had the honesty to say he was. millions of people will lose it, at least 15 million including people in the small business community. >> we'll get to that. let's stay with the idea of the pledge. dr. emanuel "the wall street journal" reported that you were part of a debate in the white house about this claim. that you can keep your plan or your doctor is misleading. let me ask the question. on megan kelly's show this week, you blamed the insurance companies. >> if an insurance company decided they're going to change how they structure the plan, that's not the government, that's the business. >> but doctor, the obama care law demands they change their plans. >> first of all, i want to say the president takes very seriously what i -- it goes back to what i said and make sure we're consistent with this. when we passed the law, any law that existed before passed would be dprandfathered in unless lots of changes were made. we have to middle age
money. i said this during the debate and he doesn't refute it. he says i'm only going to tax the rich and he defined them as anyone who makes $500,000 or more. last time i heard that, barack obama said it in the payroll tax went up in the middle class always gets hit the worst. neil: you mentioned something as well. and no response back. to this issue, the biggest employer in the city, the reverberations could be that they start charging more for loans and this is something that will impact the country when he was mayor of the city. >> they expect that the banks don't have to be in new york and it can go anywhere and any other one of the 49 states. we have seen this happen over and over again when i was growing up in the city and you drive up on the way to new england, the only thing in that area was the marriott hotel. neil: yes,. >> every single one of those used to be in new york city. neil: i get annoyed with the arrogance of those tried-and-true new yorkers would say what also they going to go, this is the place to be, which is your point with them and others, the goal and leave
times, regulation light, across-the-board tax cuts, might even give tax credit to middle class families, instead of all this spending, which has done nothing. there is no upturn coming in the first half of next year, trust me. >> this could be a crushing blow to toyota as consumer reports lowers the boom on its most popular model. and ford doesn't fare too well either. jackie deangelis has the latest on that story. and "the kudlow report" is coming right back. but first, we found the tape. here's more obama care comic relief. >> if our web site still isn't loading properly, we're probably just overloaded with traffic, millions of americans are visiting health carcare.gohealt is great news. unfortunately, the site was just designed to handle six people at a time. if you're in a rush consider using our low-res web site with simpler fonts and graphics. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i
campaign explained dumping joe biden and reed got the idea reid didn't pay income tax and more. the book doesn't come out until next week but jonathan martin has all the incite details and joins us now. it's fascinating on your reporting in this. how serious were they looking into having hillary clinton be the vice president? >> it was serious, not that it was intentionally polled and focused grouped. campaigns don't spend the money unless they are seriously exploring something. it was only known but about a half dozen of the top obama senior advisors, people like david axle rod and most notably the chief of staff william daily, then chief of staff who became close to joe biden. they are similar age, similar background. >> similar background. you talked to him? >> i talked to him on the phone and he confirmed saying he thought it was his due diligence as chief of staff to explain the possibility of what she would mean for obama in 201. they concluded she wouldn't add a substantial effect, she would help but not enough to dump biden. >> so a bump but not big enough to justify the whole dr
. >> will he cut taxes. >> he wanted to cut taxes, hasn't been able to get that through the legislature. the interesting part is he's perceived as very moderate, where you could describe him as moderate because he's a more -- he's not an -- he's a get things done, cut the best deal conservative and he has had to do that in a blue state. i think this is the fascinating test. when he's in iowa, what are the rand pauls and ted cruzes and rick santorum say? does mitt romney's blessing help or hurt? >> he's perceived as a moderate because he embraced the president of the united states on the eve of the 2012 election after super storm sandy. >> the man who by the way made sure that his state got funneled millions of dollars and stood by him when his state was in need. >> other republicans hated him for that. >> they did, but did his embrace, did the embrace mean anything to mitt romney in the end? absolutely not. >> if you speak to some romney folks, they were irritated by it. >> they were irritated by it but did it cause him the election? no, it didn't. this is a personal brand this man has.
their coverage. it's until they start getting the benefits of better coverage and the tax subsidies that come with it, which will make that coverage in many cases cheaper than the ones they currently have, that they won't understand or won't feel good towards obama, let's say. so that's why this whole rollout matters, they need to show the benefits of this in addition to the pain it was causing. >> still ahead the ceo of america's largest private health exchange joins us, how he is offering to bail out the government's troubled website. "morning joe" is back in a moment. ♪ [ male announcer ] you know that family? the one whose eye for design is apparent in every detail. whose refined taste is best characterized by the company they keep. well...say hello to the newest member of the family. the cadillac srx, awarded best interior design of any luxury brand. take advantage of this exceptional offer on the 2013 cadillac srx, with premium care maintenance included. (coffee be♪ng poured into a cup.) save your coffee from the artificial stuff. switch to truvia. great tasting, zero-calorie sweetn
it to humpty-dumpty. more importantly, he says he would now consider supporting a delay of the tax penalties in the law's individual mandate. second, obama care suffered a loss in court today. the d.c. federal peers court struck down the birth control mandate in the law. the case is now expected to go to the supreme court. and this is the number, the number that still resonates across america. tonight six, six only six people successfully enrolled in an obama care health exchange plan on day one of the roll-out. six. let's talk about all this. we welcome for the first time dorian warren, columbia university associate professor and roosevelt institute fellow. robert traynham, former bush/cheney senior adviser and georgetown university assistant dean. and jimmy kemp, president and founder of the jack kemp foundation. welcome, everybody. bob traynham, one of the things that occurs to me today with all that went on, the cancellations and the lack of grandfathering, and it was one drama after another, sebelius gave a terrible performance and so forth, and people realize they're not going to be ab
. young people don't care so much about taxes and regulation. but they all have a cell phone and they're on the internet and they care about their privacy. so do i. i would correct these policies if i were ever the one to make the decisions. i think that would attract new people to the party, not less. >> what do you think of senator cruz? he seems to be catching on. more republicans see him as the leader than you in the party. particularly catching on in iowa, do you think he's your chief rival? if you choose to run. >> i think we're a long way away from that. i haven't even convinced my wife yet whether or not i should do this. no, ted and i are friends. he's a limited government conservative. we don't always agree on everything, but we agree on a lot of things. >> you heard dan pfeiffer there say, he's confident that the website problems will be fixed by the end of november and one of the success stories it appears so far is that -- in your own state, the kentucky website seems to be doing pretty well, 26,000 have signed up for the exchange. what do you make of the fact that so man
, taxpayer subsidies of workers who work at walmart, they see tax payers filling the gap of low wagers. i asked him about this report from the committee, estimating 300 worker, walmart supercenter in wisconsin for example, would likely cause taxpayers $904,000 a year in employee -- in taxpayer subsidies, medicaid, welfare benefits, other benefits, and this is what he said. >> we are no different than any other retailer in america. we provide opportunities for people to join the company and to grow. the level of subsidy that exists is an issue that the, you know, the government decides. >> he also wanted to point out and did a couple times in the interview that those critics are influenced by pro union groups, you know, who want to unionize walmarts. he said, we provide a good entry level job. they are the biggest player. there's nobody bigger than walmart. what walmart does really, really matters. what they're trying to say, amidst all this discussion about are they not paying enough, they're trying to show they do promote people and they are a place to work where you do have some mobilit
because of the new tax they have to pay. all of this is a direct result of obamacare and it's hitting the economy when unemployment remains very high, the debt is astronomical and growth remains at a miserable 2% or less. do not expect this president to take responsibility. he will blame the republicans for the shutdown and he'll blame the shutdown for the slowdown, but forget politics, forget it for a second. the point is that obamacare is going to hurt the economy. it's going to hurt when we can least afford to take another hit. i really want to end on a positive so i will engage in wishful thinking. suppose that democrats in the senate come to understand that obamacare is a disaster and they kill it? now, i know, highly unlikely, but i'm speculating here. but can you imagine the growth that killing obamacare would unleash? can you imagine it? i live in hope. [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. [announcer] ...eve
to pay more. half of americans in the individual market will receive tax credits to help them pay for it. so this is a better deal at a better cost and you have a much greater choice than you did before. newt, have at it. >> you may be as good a salesman for an impossible position as i've ever run into. the president runs around the country, and we can put up two hours of clips. you will not lose your plan. you will not lose your dr. that's just not true. wait a second. the fact is there are clearly people who are losing. he didn't qualify. he didn't say under the right circumstances. he said you will not. this is why you have such cynicism. >> are you caught up with the president not telling the full story? or are you more caught up with people getting a better deal in the individual market? i think that's what this comes down to whether we're going to look at the policy and what is happening with the american people as a result of the health care reform or are we going to look at political talking points? >> part of the nature of a free society is it's nice to have a president that is
earnings in the extended hours tonight. the third quarter of 2013 after tax operating income attributable to aig of 1.4 billion after tax operating income per share, 96 cents a share. stock down. ceo bob ben mosche will be with me. what does dan niles know about facebook the rest of wall street doesn't? >>> plus, haunted towns? big winner of our day, long quest to find the best home in the spookiest town. queen of real estate will be with me. you're watching the "closing bell," on cnbc, first in business worldwide. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." >>> welcome back. a month for stocks. the dow and s&p 500 both hitting all time highs in the month of october. nasdaq pushing
the case like the grimes campaign did, a state that takes in more federal money than it pays back in taxes damaged kentuckyians. statewide you can run that way. but these house districts it's hard to sell that story. >> david ignatius people talk about the republican party. there's so many different republican parties. i talk about, you got the governors. and the success of the governors that they've had. then you got basically the senate wing of the republican party and then the house wing of the republican party. and what works for one definitely doesn't work for the other and certainly what works for some house members actually undermines presidential candidates who have any, any dream of being able to compete with hillary clinton. >> we'll see if the chris christie wing of the party, the party that will talk about how to govern and make a big state like new jersey work if that gets traction. one of the things i've been following the last few weeks is the backlash in some hard line republican house tea party districts against those tea party hard liners. for example, justin amosh from m
, the republican position, this no revenues thing, even if it's revenues to stop massive tax abuse, massive tax evasion, that kind of position in the end that leads us to cutting food stamps. today it starts. big cuts for the poorest people in the country, day after halloween. you are getting millions of people cut today on their ability to eat and feed their kids. why? because they are standing up in congress, still. don't make the banks pay taxes. don't make google and amazon and apple pay taxes. let them keep their money. >> i understand. let's talk -- let's talk about the big issue. >> it's collapsing. >> let's talk about the big issue and i think we agree on this. by the way, i agree, we shouldn't slash and burn the 12, 13, 14% and leave the big entitlement systems out of touch. you have harry reid asked in an interview about medicare and social security. he said why do you keep bringing it up? you are obsessed with it. we are not going to do anything on those. we are not going to touch those. that's where the long term -- if we want to save america from debt, that's the long term fix. >>
their support. their tax exempt status including the big hospital up in boston that's where, what is it, the patriots, new england patriots get their rehab done. >> that's right. it may lose its tax exempt status. sort of under the microscope under obama care. >> unbefore the boston -- in fact, the last boston marathon victim who had to have a leg amputateds a result of the boston bombing, there he is sadly, it's called the spalding rehabilitation hospital. it's run by a 501 c 3, non-private hospital. under obama care, one of the sicious obama care would provide charity to people coming in off the streets that don't have healthcare coverage. now that law because of obama care scrutinized where they are having to roll back the charitable contributions they give to the community in the case of folks that come in off the street that don't have health insurance. >> former president jimmy carter whose name has become synonymous with oppressing attacked obama care yesterday saying this doesn't work very well. when jimmy carter calls you ineffect actual that's 6 people signing up because the w
wiener wants you to pay almost a quarter more for a soda, a new tax on every can or bottle of soft drink sold in san francisco. >>> and protestors plan to rally against another one proposal. this time, the supervisor want san francisco parks to close between midnight and 5:00 a.m. that's your news. we got your traffic and weather for tuesday coming right up. >>> good morning. we have a couple of problemming on 680. these accidents have now cleared. unfortunately bust remain including southbound 680 by crow canyon and stacked into danville and continuing further south, your ride slows. a multicar crash is now out of lane in andrade road. the bay bridge toll plaza backed to the maze, 20 minutes to get you onto the bridge. that's traffic. >>> a lot of cloud will start to break up throughout the day. temperatures are going to stay on the cool side. mostly cloudy skies. as we look towards the mountains, pleasant with 40s and 50s. by the afternoon, clouds will begin to break up a little bit but temperatures will be cool, 50 coast side, 60s elsewhere
that you and i would be saving $2500 a year. it's not going to happen. he promised us no tax increases. huge tax increases, in fact the biggest middle-class we've ever seen. he told you if we liked the program, we could keep it. tell that to 16 million americans today, or that the cost was actually going to go down. that didn't happen to jason anderson in my district, who's 31. he and his wife and his 2-year-old baby sought the premium double. >> what about the people who couldn't buy insurance because they had -- and earlier they couldn't buy health insurance. now they can. you would welcome that? >> that was a heartbreaker. that's something where republicans and democrats could have come together "the washington post" said this is a $5 billion problem. you know me, wolf. i'm a strong fiscal conservative. i would have wrote out the check for $5 billion every year to pay for the preexisting pool. that's something we could take care of. but we don't have to force over 300 million americans to buy a health insurance policy at a price they can't afford from a website that doesn't work. th
and there are taxes involved. >> i think apple has a capability to borrow more money. they are far from insolvent. they're a cash machine. bondholders would love to buy apple. >> does this bring the company back to the glory years of steve jobs? >> i think it benefits the shareholder shareholders apple is now a mature company. i think that carl icahn is stepping up. making sure that the ceo has a fiduciary responsibility. >> should a company with this much cash on hand be borrowing. >> is it more efficient to borrow money here in the u.s. and leave the cash off shore? unfortunately under current tax policy, that's probably the best move. >> apple is a little bit caught up in this discussion. we all believe that eventually we will get to a 25% corporate rate. but i do think that in the long term, getting that product life cycle down and restoring the market's faith in their innovation probably does a lot more for their stock than a bigger buy back program. keep in mind they already have a record breaking buy back program in place. >> since carl icahn has gotten involved, is he on to something here
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